THE DILEMMA OF AN ACCOUNTANT al dilemma in this case is one that Daniel Potter is faced with. Daniel is a staff accountant at a Big Eight accounting firm, Baker Greenleaf. He was given the duty of per

THE DILEMMA OF AN ACCOUNTANT al dilemma in this case is one that Daniel Potter is faced with. Daniel is a staff accountant at a Big Eight accounting firm, Baker Greenleaf. He was given the duty of per

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THE DILEMMA OF AN ACCOUNTANT

al dilemma in this case is one that Daniel Potter is faced with. Daniel is a staff accountant at a Big Eight accounting firm, Baker Greenleaf. He was given the duty of performing an audit on a wholly-owned real estate subsidiary (Sub) of a long-standing and important client of his firm. Oliver Freeman is Daniel’s project manager.

is the one that gave Daniel the task of performing the audit, and he is expecting a clean opinion from Daniel on the analysis of the Sub in order to secure the clients account exclusively. While performing the audit, Daniel found a discrepancy with the value of the Sub’s largest real estate properties. The Sub had valued the property at $2 million on their balance sheet, and Daniel had estimated the value of that property to be much lower.The ethic